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S.Korea president proposes peace park with N.Korea WASHINGTON: South Korea's president on Wednesday proposed an international park on the tense border with North Korea as part of a peace initiative to bring down soaring tensions in the region."The Demilitarized Zone must live up to its name, a zone that strengthens the peace, not undermines it," President Park Geun-Hye told a joint meeting of the US House of Representatives and Senate."It is with this vision in mind that I hope to work toward an international park inside the DMZ. It will be a park that sends a message of peace to all of humanity," she said.The proposal, while vague in detail, marks a shift in tone from the newly elected conservative leader who vowed a day earlier with President Barack Obama to take a hard line after months of soaring tensions with North Korea.The most visible symbol of cooperation between North and South Korea -- the Kaesong industrial ...

Dotcom's lawyers say prosecution threatens Internet freedom WELLINGTON: Lawyers for Megaupload founder Kim Dotcom accused the US government on Wednesday of launching a flawed prosecution against their client with "frightening" implications for all Internet users.The New Zealand-based Internet tycoon's legal team released a "white paper" to coincide with a visit to Auckland by US Attorney General Eric Holder, which argues that online piracy allegations against Dotcom are baseless.The 38-page document says that while copyright issues are normally treated as a civil matter, ...
Taiwan intelligence unit confirms Hong Kong visit TAIPEI: A top Taiwanese intelligence official has visited Hong Kong in a landmark trip seen as the latest sign of fast-warming ties between Taiwan and former rival China, officials and local media said Tuesday.The Bureau of Investigation told AFP that Wu Li-chen, a deputy chief of the bureau, visited Hong Kong last month. It declined to give details.Wu was thought to be the highest ranking official from the bureau to have visited Hong Kong since ...
Anwar vows to stay on to fight Malaysia poll result KUALA LUMPUR: Anwar Ibrahim said on Tuesday he was putting on hold plans to step aside as Malaysia's opposition leader, saying he wanted to spearhead a fight against poll results he says were tainted by fraud.Anwar had said he would step down if the opposition failed to take power in Sunday's national elections, in which his three-party Pakatan Rakyat (People's Pact) won just 89 of 222 parliamentary seats.But Anwar has claimed massive fraud by the ...
North Korea removes missiles from launch site: US officials SEOUL: North Korea has taken a major step back from a planned missile test, US officials said, even as Pyongyang and Seoul exchanged fresh threats Tuesday of swift military retaliation to any provocation.A US defence official said two North Korean missiles -- primed for imminent test firing -- had been moved from their launch site, signalling a possible easing of North Asia tensions ahead of a US-South Korea summit in Washington.US and South Korean officials ...
Five feared dead after Philippine volcano explosion MANILA: Five people are feared dead after one of the Philippines' most active volcanoes spewed a giant ash cloud on Tuesday, with foreign tourists on its slopes during the eruption, authorities said.National Disaster Risk Reduction and Management Council chief Eduardo del Rosario said local officials reported that up to 20 climbers and guides, including foreigners, were on Mount Mayon when it erupted."Five killed and seven are injured, that is the latest report," del Rosario said. ...
Hong Kong port workers vote to end strike HONG KONG: Hundreds of workers at a Hong Kong container port operated by tycoon Li Ka-shing voted Monday to end a 40-day strike, one of the city's longest-ever, after their employers offered a 9.8 percent pay rise.The stoppage had disrupted traffic at Hong Kong's container port, the world's third busiest. Protests spread to the Central financial district, where workers staged demonstrations outside the headquarters of Li's Cheung Kong group.The strikers, who at the height of ...

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln